They are also charged with uttering of false documents, conspiracy to defraud, obtaining execution of a security by false pretence and aiding and abetting the offence of causing financial loss.

Sarah Birungi, Brenda Kimbugwe and Thomas Okoth are prosecuting the case while lawyers Nsubuga Mubiru, Maxi Mutabingwa, Ivan Engoru, Norah Kagwa, David Mpanga and William Were are defending the suspects.